MADRID, 3 Ago. (EUROPA PRESS) -
The Ibex 35 has fallen 0.23% this Thursday, for which it has chained five sessions down, its worst streak since the start of December 2022, and has barely held the level of 9,300 points in a day in which the Bank of England (BoE) has complied with the planned script and has raised interest rates by a quarter of a point, up to 5.25%, as the Federal Reserve (Fed) and the European Central Bank (ECB) have already done ) last week to head off inflation.
Specifically, the selective, which has concluded the session at 9,307.1 points, has yielded more than 4% since Thursday of last week, when it closed at the highest for the year, at the gates of 9,700 points. Despite this, so far this year, the selective has accumulated a positive revaluation of 13.1%.
The Spanish market index did not reap such a large downward streak even in March, when the markets were shaken by the bankruptcy of US banks, although in some sessions that month it recorded falls of 4.37 % (the biggest fall of the current streak, of 1.83%, occurred yesterday due to the downgrade of the credit quality of US debt by Fitch).
The selective started this Thursday with strong falls that made it lose the level of 9,300 points; however, the falls softened and it recovered that level, although at the end of the session it was again close to closing below that level.
During the day, the Public Treasury has placed 6,258.19 million euros this Thursday in a medium- and long-term debt auction, in the expected medium-high range, and has done so by remunerating investors with higher interest rates for the 10 year bonds.
On the other hand, today it has been revealed that the growth of activity in the Spanish services sector slowed down in July to its lowest level so far this year, although it managed to remain above the level of no changes in the managers' index for the ninth consecutive month. of purchase (PMI), elaborated by S
Thus, the deterioration in private sector activity in the euro area worsened in July as a result of the worsening contraction in manufacturing and the weakening of services, as reflected in the PMI composite index, with Spain as only large euro economy that managed to expand at the start of the third quarter.
In the afternoon, it was known that the US services sector (according to the ISM index) returned to the expansion zone in July, but at a slower pace than expected by analysts, while the composite PMI also showed that it has kept in positive territory.
The Wall Street indices, which still suffered from the downgrade of the US rating, registered slight losses at closing time in Europe, whose benchmark markets, like Madrid, have also ended with declines: London has subtracted 0 .43%; Paris 0.72%; Frankfurt 0.79% and Milan 0.94%.
In this context, the falls in the Ibex 35 have been led by Naturgy (-3.32%), which was listed ex-dividend, without this effect the fall was 1.5%; Melia Hotels (-2.04%); Amadeus (-1.81%); Iberdrola (-1.51%); IAG (-1.49%) and Acciona (-1.46%).
On the contrary, the most bullish values of the index have been Caixabank (3.35%); Bankinter (3.04%); Rovi (2.75%); Banco Santander (1.64%), Unicaja (1.6%) and Banco Sabadell (1.54%).
A barrel of Brent was trading at $84.82 at the close of the session, up 1.95%, while West Texas Intermediate rose 2.24% to $81.28.
At the same time, the euro registered an appreciation of 0.12% against the 'green ticket', up to 1.0951 dollars for each euro.
In the debt market, the yield on the Spanish bond with a maturity of 10 years closed at 3.633% after adding six basis points. Thus, the risk premium against German bonds stood at 103.5 basis points.